CIBC Asset Management Inc Has $1.21 Million Stock Position in Wix.com Ltd. (NASDAQ:WIX)

CIBC Asset Management Inc raised its holdings in Wix.com Ltd. (NASDAQ:WIX) by 13.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,621 shares of the information services provider’s stock after purchasing an additional 648 shares during the quarter. CIBC Asset Management Inc’s holdings in Wix.com were worth $1,206,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Senvest Management LLC boosted its holdings in Wix.com by 4.7% in the 3rd quarter. Senvest Management LLC now owns 1,118,081 shares of the information services provider’s stock valued at $186,910,000 after purchasing an additional 50,482 shares during the period. Whale Rock Capital Management LLC boosted its holdings in Wix.com by 31.6% in the 3rd quarter. Whale Rock Capital Management LLC now owns 690,765 shares of the information services provider’s stock valued at $115,475,000 after purchasing an additional 165,810 shares during the period. SG Americas Securities LLC boosted its holdings in Wix.com by 558.5% in the 4th quarter. SG Americas Securities LLC now owns 471,933 shares of the information services provider’s stock valued at $101,253,000 after purchasing an additional 400,265 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Wix.com by 3.2% during the 3rd quarter. Geode Capital Management LLC now owns 461,902 shares of the information services provider’s stock worth $76,848,000 after acquiring an additional 14,340 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Wix.com by 23.1% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 263,534 shares of the information services provider’s stock worth $44,055,000 after acquiring an additional 49,500 shares during the period. Institutional investors own 81.52% of the company’s stock.

Wix.com Stock Performance

Shares of NASDAQ WIX opened at $198.11 on Friday. Wix.com Ltd. has a 52-week low of $117.58 and a 52-week high of $247.11. The firm has a 50 day moving average price of $226.20 and a two-hundred day moving average price of $193.56. The stock has a market cap of $10.86 billion, a P/E ratio of 84.30, a price-to-earnings-growth ratio of 2.83 and a beta of 1.58.

Analyst Ratings Changes

WIX has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of Wix.com from $236.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday. Bank of America upped their price target on shares of Wix.com from $228.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $245.00 price target on shares of Wix.com in a report on Thursday. Evercore ISI raised shares of Wix.com to a “strong-buy” rating in a report on Thursday, November 21st. Finally, StockNews.com raised shares of Wix.com from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.83.

Wix.com Profile

Wix.com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; and Wix ADI that enables users to have the freedom of customization that the classic editor offers.